The cab aggregator Uber has roped in former American Express executive Vishpala Reddy as the Chief People's Officer for its India and South Asia operations.
The feature could also help reduce Uber's manpower investments in customer support to solve driver and rider queries
Government wants a conducive atmosphere for domestic cab aggregators with lean car fleet who find it difficult to enter the market dominated by bigger players like Ola and Uber
Struggling Uber is facing good competition from Lyft whose total valuation after a fresh round of USD 600 million of funding has been upgraded to USD 7.5 billion.
Uber India and South Asia President Amit Jain said the company has grown to a 1,000-member team in the last four years and has expanded operations to 29 Indian cities.
For the first time ever, Uber India has gone ahead and shared figures of its riders and headcount. The company plans to create one million jobs in India by 2020
A division bench of Justices R M Sawant and Sadhana Jadhav was hearing petitions filed by Uber India Ltd, Ola Ltd and six drivers plying cabs with these two companies challenging the Maharashtra city taxi rules implemented by the state government this year.
Uber would be the first of the riding-sharing companies to have a co-branded credit card, which are a popular way for companies to cement customer loyalty. They typically give points or credits toward awards, with the most popular cards offering airlines and hotels.
Metropolitan Magistrate Abhilash Malhotra summoned ANI Technologies Pvt Ltd which runs Ola, Uber India Systems Pvt Ltd and Serendipity Infolabs Pvt Ltd which runs 'Taxi For Sure' and directed their authorised representatives to appear before it on December 11.
Also feeling the heat are many white collar professionals who had used this as an investment route to earn a side income.
The idea is to give safety net to local cab companies, while having prices set by govt
It proposes hefty penalties for traffic violations, a ten-fold increase in accident compensation, check bogus driving license, vehicle thefts and regulate of taxi aggregators such as Ola and Uber
Uber recently appointed Sanjay Gupta as the Head of Marketing for Uber India. With over 15 years of experience in brand and consulting, Sanjay will focus on further strengthening brand Uber in India.
The company, which ran into huge losses due to entry of aggregators like Ola and Uber, plans to revive market share with aggressive investment in technology and taking fleet size to 8,000 vehicles.
Uber, the San Francisco-headquartered mobile ride-hailing service, offers rides from 15-29 euros (USD 17-34) from Madrid's airport to the city center. The fare for taxis is set at 30 euros (USD 35).
The fourth payment option in Uber app – besides cards, cash, and Paytm – will be added only for Android users, for now. Uber users on iOS will have to wait a little bit longer.
ANI Technologies, the parent firm of Ola, indicated that its liability is limited to Rs 1,000 only and it can change the terms without giving any notice to its users, according to Business Line.
The deal could include an investment of new money into the startup, Bloomberg reported, adding that details about the valuation of shares or how much SoftBank or other investors would buy were unclear.
Other candidates in the fray include former Yahoo CEO Marissa Mayer, Thomas Staggs, an ex-COO at Disney, and Susan Wojcicki, who leads YouTube.
According to VC Circile, the documents filed with the Ministry of Corporate Affairs show that the company infused Rs 51.64 crore (USD 7.9 million) into its Indian subsidiaries in May.
"For a foreseeable future, India remains to be a priority for the company," Uber Global Growth Manager.
uberMOTO currently charges Rs 5 per km and a minimum fare of Rs 10. Moneycontrol experienced the ride and here's what it found...
On June 21, the company’s board fired its CEO and co-founder Travis Kalanick.
Leasing of cabs will now attract a tax of 29-43 percent GST - depending on the car – compared to the earlier tax levy of 14.5 percent. Cab leasing programs of both Ola and Uber are likely to take a hit.